Trout incorporated (inc.) sells trout in a perfectly competitive market. trout inc. is able to sell trout for $600 per unit. in this market, there are 2000 firms competing with one another. last year, trout inc. was able to earn an economic profit of $1,000,000 . the firm has purchased a permit to fish this season, insurance in case one of their workers gets hurt on the job, and a boat. together, these items represent all of the firm's fixed costs and sum to $100,000 . last year, trout inc.'s total revenue was $1,300,000 . what is the marginal revenue per unit for this firm?

6. why the aggregate supply curve slopes upward in the short run in the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. several theories explain how this might happen. for example, the misperceptions theory asserts that changes in the price level can temporarily mislead firms about what is happening to their output prices. consider a soybean farmer who expects a price level of 100 in the coming year. if the actual price level turns out to be 90, soybean prices will , and if the farmer mistakenly assumes that the price of soybeans declined relative to other prices of goods and services, she will respond by the quantity of soybeans supplied. if other producers in this economy mistake changes in the price level for changes in their relative prices, the unexpected decrease in the price level causes the quantity of output supplied to the natural level of output in the short run.